Companies

Mahmud Kamani and Carol Kane have sold 142.5 million pounds (187 million dollars) in shares of the ecommerce platform.

After selling its flagship store at the beginning of the year, the department store will reinvent itself with the opening of a pop-up store in Soho.

The Italian eyewear group has acquired a 70% stake of the Californian company, valued at 90 million dollars.

The British company has also hired a headhunting agaency to find replacement for incumbent chairman David Bernstein.

Analysts still trust Zara’s parent company growth potential. The group will release its third quarter results next Wednesday.

The American sportswear giant had bought the company in 2002 for 95 million dollars. Terms of the deal with Bluestar Alliance were not disclosed.

The Japanese group has unveiled its new team for the region, that will manage the beauty business locally and fragrance globally.

Leather and footwear ended the month with a year-on-year growth rate of 0.7%. The previous month, they had grown by 4.2%.

Dell’Acqua joined Rochas six years ago and will show his last collection for the company next February 2020. Rochas is owned by Interparfums.

The owner of the Irish chain expects margin for the full year to be “only a small reduction” on that achieved last year, on a lease-adjusted basis.

Hal Lawton, president of the Macy’s brand business, has resigned effective December 6 to take on the role of president and chief executive officer for Tractor Supply, a Tennessee-based farming supplies chain.

The group has teamed up with Chinese subscription rental platform YCloset to try renting out clothes in the country. The group has done similar tests with its main brand.

The German company has just opened new headquarters in New York after doubling its sales in the market in two years.

Smcp controls Sandro, Maje and Claudie Pierlot, among others, and is owned by Chinese group Shandong Ruyi.

The French luxury giant, owner of brands like Gucci, Bottega Veneta and Yves Saint Laurent, has held exploratory talks to take over the Italian company.

The French cosmetic company has made the transaction via incubator Obratori. The value of the investment has not been disclosed.

The American jewelry company, which has just sealed its sale to LVMH, has closed third quarter ended October 31 with net earnings of 78.4 million dollars.

The group, owned by BC Partners and led by Amandine Ohayon, has signed Amanda Pérez as the new head of retail experience in all its stores.

The American cosmetics company has allied with department store Nordstrom to have a Glossier corner in seven of its stores. This is the first time the company sells its products through the wholesale channel.

Dior and Nike follow the footsteps of Prada and Adidas, that signed a collaboration earlier this month to create a pair of sneakers.

The luxury footwear company has decided to close its flagship store in New York, located in Midtown West 54th street. This is the only free-standing store left of the company in the United States.

The Austrian fiber manufacturer has introduced a new technology to scale the production of Tencel Lyocell x Refibra fiber, which uses post-consumer cotton waste.

The Catalyst’s Group offer was of eleven Canadian dollars (8.2 dollars) per share and it exceeds the initial offer presented by the chairman of the group of 10.30 Canadian dollars (7.7 dollars) per share.

The executive will lead the women’s fashion and lingerie divisions, with special emphasis on own brands.

The company has opened two pop up stores, located in Cancun, in Palacio de Hierro, and in Tulum, in Azulik Hotel.

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Modaes Global - Companies | Economic news of fashion companies. All the economic news of the main companies in the fashion business in Spain and around the world. - Modaes Global.

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